In most states, you pay taxes only on the actual lease payments, so leasing can put you even further ahead (see number 3 below). Plus, you typically don't have to bring cash to the table for a lease.
Q&A. The differences between an unadjusted trial balance and an adjusted trial balance are the amounts recorded as part of the adjusting entries. Adjusting entries include the accrual of revenues that were earned but were not yet recorded, and the accrual of expenses that were incurred but were not yet recorded.
1 The balance sheet is intended for external use, while the trial balance is for use within the accounting department and by auditors. 2  Reporting level. 3  The balance sheet is a final report, while the trial balance is used to construct other reports.